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Competition
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March 01, 2024
Musk Says OpenAI, Altman Broke Co.'s Founding Principles
Elon Musk has accused former business partner and OpenAI CEO Sam Altman of setting the business' "founding agreement aflame," alleging in a California state lawsuit that he betrayed his promises to run the company as a nonprofit and make technological advances open to the public so artificial intelligence development would be "for the benefit of humanity."
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March 01, 2024
Taxation With Representation: Pillsbury, Cleary Gottlieb
In this week's Taxation with Representation, First Advantage Corp. acquires Sterling Check Corp., International Game Technology spins off two subsidiaries, Disney merges its media operations in India with Reliance Industries, and Atlas Energy Solutions purchases Hi-Crush.
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March 01, 2024
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a legal battle between confectionary heavyweight Mars Wrigley UK and a frozen food manufacturer, a trademark infringement claim by Abbott Diabetes Care over glucose monitoring meters, Mercedes-Benz Group hit with two commercial fraud disputes, and the Mediterranean Shipping Company tackle a cargo claim by an insurance company. Here, Law360 looks at these and other new claims in the U.K.
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February 29, 2024
Amazon Cuts Deals With Mastercard, Banks In Fee MDL
Amazon told a New York federal court Thursday that it has reached settlement agreements with Mastercard and several banks, after reaching a previous deal with Visa, over allegations that anti-competitive conduct by the card companies and banks caused the online retail giant to overpay for transaction fees.
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February 29, 2024
Blank Rome Accused Of Suing Atty Over Job Change
A trial attorney who used to defend plane parts manufacturer Avco Corp. accused the company and Blank Rome LLP Wednesday in Pennsylvania federal court of pursuing "frivolous" litigation against her, claiming they sought to destroy her livelihood because she joined a plaintiffs' firm that frequently sues aviation manufacturers.
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February 29, 2024
DOJ Says Court Rehab Means Ga. Bid Rig Case Must Move
Construction at Savannah, Georgia's federal courthouse means three men accused of conspiring to rig bids for millions of dollars' worth of ready-mix concrete contracts will have to be tried in a college town a couple of counties over, according to the DOJ.
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February 29, 2024
STB, CSX Tell Justices To Reject Norfolk Southern Appeal
Norfolk Southern Railway Co. has taken its contentious battle to have itself declared immune to a rival's antitrust suit to the U.S. Supreme Court, but the competitor that's suing it and the regulator who declared it not exempt are both asking the justices to leave well enough alone.
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February 29, 2024
Epic, Google Are At App Store Antitrust Remedies 'Impasse'
Epic Games Inc. and Google LLC told a California federal judge on Wednesday that they are at an impasse over the potential changes Google will have to make following the Fortnite game developer's jury trial win on antitrust claims related to Google Play Store and Android apps.
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February 29, 2024
Biden Floats 3 Nominees To Return FERC To Full Strength
President Joe Biden on Thursday unveiled a trio of nominees to fill vacant commissioner slots at the Federal Energy Regulatory Commission, including the solicitor general of West Virginia and a former Massachusetts energy official.
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February 29, 2024
Sandoz To Pay $265M To Resolve Claims In Price-Fixing MDL
Swiss generic drug and biosimilar manufacturer Sandoz announced Thursday that two of its subsidiaries have reached a $265 million settlement with the direct purchasers of generic medications to resolve allegations of federal antitrust violations.
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February 29, 2024
Discover Deal Prompts Dems To Seek Bank Merger Revamp
Rep. Maxine Waters, D-Calif., the top Democrat on the House Financial Services Committee, and 15 other House Democrats are calling on federal bank regulators and the U.S. Department of Justice to quickly crack down on mergers in the wake of Capital One's recently announced $35.3 billion deal to acquire Discover Financial Services.
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February 29, 2024
Canada's Competition Watchdog Deepens Google Ad Probe
Canada's competition enforcer said Thursday the agency has expanded an investigation into whether Google is abusing its dominance over technology used to place ads on third-party websites and apps, adding to mounting global pressure on the tech giant's ad business.
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February 29, 2024
Feds Nab 2 More Guilty Pleas In Polar Air Cargo Fraud Case
Two more former executives of Polar Air Cargo Worldwide Inc. have pled guilty to participating in a scheme to accept kickbacks from vendors in exchange for favorable business arrangements.
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February 29, 2024
Chamber Of Commerce Backs Exxon In Activist Investor Row
The U.S. Chamber of Commerce and lobbying group Business Roundtable on Thursday threw their weight behind Exxon Mobil Corp. in the company's bid to pursue its lawsuit against activist investors, a suit that some see as a proxy battle with the U.S. Securities and Exchange Commission over shareholder proposals.
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February 29, 2024
Monthly Merger Review Snapshot
The Federal Trade Commission challenged Kroger's $24.6 billion bid for Albertsons, Microsoft and the FTC battled over plans to lay off nearly 2,000 video game workers amid the Activision merger fight, and the alliance of ESPN, Fox and Warner Bros. Discovery drew its first challenger.
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February 29, 2024
Defense Contractor Says Ex-Exec Took Sensitive Data To Rival
A defense contractor accused a former executive of taking confidential business information and export-controlled data on the body armor it supplies to the U.S. military and local and state law enforcement to a rival, a foreign-owned business.
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February 28, 2024
Ariz. AG Says RealPage, Landlords Use Algo To Fix Rent Prices
Arizona's attorney general on Wednesday filed an antitrust suit in state court against RealPage and several landlords over an alleged conspiracy to illegally raise rents for hundreds of thousands of renters by using the software company's algorithms to quell competition.
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February 28, 2024
Google Search Judge Lets Rival's Keyboard Suit Proceed
The same D.C. federal judge presiding over the government's search monopolization suit against Google sent up a tantalizing smoke signal for that case Tuesday in refusing to toss an Android keyboard app developer's separate antitrust lawsuit against the technology giant, rejecting key defense arguments meant to cast doubt on Google's alleged dominance.
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February 28, 2024
9th Circ. Won't Undo Airline Price-Fixing Settlement Payout
The Ninth Circuit affirmed an order granting attorney fees and a secondary distribution of a $104 million settlement in a long-running airline price-fixing case, finding the objectors who claimed the funds were wrongly sent to those who already got their first-round share lacked standing to challenge the order.
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February 28, 2024
Objectors Want $1M Atty Fees In $5.6B Swipe Fees Settlement
Class members who initially objected to a $5.6 billion settlement with Visa and Mastercard have told a New York federal judge they are seeking nearly $1 million in legal fees for "enhancing the adversary process, sharpening the debate, and pursuing meritorious appeals in this litigation over the past eleven years."
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February 28, 2024
Elite Schools Get OK For $166M More Aid-Fixing Deals
An Illinois federal judge handling student aid-fixing allegations against 17 top universities gave his initial blessing to another $166 million in settlements Wednesday, the day after he ordered three universities to produce documents that could show they handled certain students' admissions differently from others.
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February 28, 2024
Indivior's $385M Suboxone Antitrust Deal Gets Final OK
A Pennsylvania federal judge has granted final approval to Indivior's $385 million settlement with direct purchasers in antitrust litigation over its opioid addiction treatment Suboxone and awarded roughly $120 million in attorney fees to the purchasers' counsel.
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February 28, 2024
Conn. Mortgage Co. Says Partner Defected With Cash, Data
A prospective business partner agreed to commit $100,000 to join a mortgage company and promised to bring along 15 employees, but once inside, they raided business assets for information and quickly left to start a competing venture, according to a lawsuit in Connecticut state court.
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February 28, 2024
Fish & Richardson Adds Ex-Jenner & Block Life Sciences Duo
Global intellectual property law firm Fish & Richardson PC announced on Wednesday that two Chicago-based litigators from Jenner & Block LLP have joined the firm's life sciences team as partners.
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February 28, 2024
Scrubs Co. Must Arbitrate With Its Ex-Atty Over False Ad Loss
A healthcare apparel company that lost its Lanham Act false advertising suit against a competitor in California federal court must pursue claims against its former lawyer in arbitration, while the company agreed to pursue claims against the lawyer's firm, Michelman & Robinson LLP, a Los Angeles judge ruled Wednesday.
Expert Analysis
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Perspectives
A Judge's Pitch To Revive The Jury Trial
Ohio state Judge Pierre Bergeron explains how the decline of the jury trial threatens public confidence in the judiciary and even democracy as a whole, and he offers ideas to restore this sacred right.
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Deal-Making Strategies To Explore Amid 2023's Uncertainties
Attorneys at White & Case delve into the evolving risks deal makers face in the remainder of 2023, detailing several approaches — such as activist simulations, stock-for-stock deals and divestitures — that may deliver value in an uncertain market.
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How To Recognize And Recover From Lawyer Loneliness
Law can be one of the loneliest professions, but there are practical steps that attorneys and their managers can take to help themselves and their peers improve their emotional health, strengthen their social bonds and protect their performance, says psychologist and attorney Traci Cipriano.
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EU Case Shows Wide Approach To Blocking Telecom Mergers
The EU court's recent judgment in Commission v. CK Telecoms may make it more challenging to secure clearance for telecom and other companies pursuing mergers, illustrating its broad approach to mergers that risk harming competition without creating a dominant position, say Dominic Long and Christopher Best at Allen & Overy.
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Opinion
Litigation Funding Disclosure Should Be Mandatory
Despite the Appellate Rules Committee's recent deferral of the issue of requiring third-party litigation funding disclosure, such a mandate is necessary to ensure the even-handed administration of justice across all cases, says David Levitt at Hinshaw.
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Recalling USWNT's Legal PR Playbook Amid World Cup Bid
As the U.S. Women's National Soccer Team strives to take home another World Cup trophy, their 2022 pay equity settlement with the U.S. Soccer Federation serves as a good reminder that winning in the court of public opinion can be more powerful than a victory inside the courtroom, says Hector Valle at Vianovo.
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Colorado Antitrust Reform Carries Broad State Impact
Colorado recently became the latest state to update and expand its antitrust laws, and the new act may significantly affect enforcement and private litigation, particularly when it comes to workers and consumers, says Diane Hazel at Foley & Lardner.
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Regulating AI: An Overview Of Federal Efforts
The U.S. has been carefully managing a national policy and regulatory ecosystem toward artificial intelligence, but as AI technology continues to expand into our everyday lives, so too has its risks and the need for regulation, says Jennifer Maisel at Rothwell Figg.
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Opinion
Merger Guidelines Should Provide For Competition Trustees
Following the U.S. antitrust agencies' release of draft merger guidelines, retired U.S. Court of Federal Claims Chief Judge Susan Braden suggests a court-appointed competition trustee would help ensure U.S. competition without impairing economic prosperity.
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Senate Hearing Highlights Antitrust Hazards In PGA-LIV Deal
The U.S. Senate's recent questioning of PGA Tour COO Ron Price on the proposed deal with LIV Golf and its release of a dossier of framework agreements covered a variety of issues that could exacerbate antitrust concerns, including the predatory purchasing theory of competitive harm, free-riding and alternate funding, say attorneys at Perkins Coie.
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Indivior Ruling May Affect Rebate Wall Litigation
A New Jersey federal court's recent decision in Indivior v. Alvogen, in which a claim that an alleged rebate wall anti-competitively blocked generic competition survived summary judgment, may provide a blueprint for successfully challenging other drug rebating practices, say Peter Herrick and Monsura Sirajee at O'Melveny.
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Investors With ESG Aims Should Heed Antitrust Reporting Rules
As investors globally are embracing environmental, social and governance investing, regulatory agencies have made clear that ESG initiatives are not immune from antitrust scrutiny, and investors cannot count on receiving special exemptions from the Hart-Scott-Rodino Act reporting requirements, say Jonathan Gleklen and Francesca Pisano at Arnold & Porter.
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US Antitrust Approach Toward ESG Clashes With EU Stance
A comparison between how EU and U.S. antitrust enforcers have approached companies' cooperative environmental, social and corporate governance efforts highlights America's comparatively harsh stance, contributing to a difficult compliance climate for international businesses, say attorneys at Steptoe & Johnson.
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Merger Guidelines' Broad Tack Ignores Recent Precedent
The U.S. Justice Department and Federal Trade Commission's new proposed merger guidelines are consistent with the Biden administration's expansive approach to antitrust enforcement, but they fail to grapple meaningfully with much of modern economic precedent and court decisions requiring greater agency rigor in merger analysis, say attorneys at Freshfields.
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What's Causing EU-US Impasse On Steel And Aluminum
The EU and the U.S. have made limited progress in negotiating for a Global Arrangement on Sustainable Steel and Aluminum, and they face high obstacles to meeting the fast-approaching October deadline, say attorneys at Akin.